Mastercard, LiaPay, and Mawarid Finance launch prepaid card program for Deel employees
What happened
Mastercard teamed up with LiaPay and Mawarid Finance to issue Mastercard prepaid cards to salaried employees across four markets. This collaboration allows workers to access wages they have already earned before payday without relying on traditional credit. The cards are linked to the LiaPay app and enable spending in stores, online, and for cross-border remittances.
From gdnonline.com
Why it matters
The program contributes to boosting everyday spending power for the region’s workforce, including middle-income employees. It also strengthens financial security and advances financial inclusion across the GCC. For Mastercard, the partnership marks its entry into the payroll and Earned Wage Access segment.
From gdnonline.com
Who's involved
- MastercardCard partner providing global network and technology for the program
- Mawarid FinanceRegulated financial institution backing the prepaid card program
- DeelEmployer whose workforce is receiving the prepaid card benefit
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The entities involved
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Mastercard
American multinational financial services corporation
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Deel
private San Francisco-based payroll and compliance provider
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